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Glenmark Pharma to Anant Raj: 10 smallcap stocks where mutual funds have raised their stake
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5 min read | Updated on March 06, 2025, 16:36 IST
SUMMARY
Analysts point to the exaggerated valuations in the smallcap space, which is causing a massive correction in this space.
Despite the ongoing correction, mutual funds have increased their holdings in 46 companies
The mid- and small-cap shares have underperformed their larger peers in the ongoing market correction. The Nifty Smallcap 100 index has dropped 23% from its record high of 19,716.20 it touched on December 12 and Nifty Midcap 100 index has dropped 19% from its record high of 60,925.95 it touched on September 24, data from the National Stock Exchange showed.
Analysts point to the exaggerated valuations in the smallcap space, which is causing a massive correction in this space. The carnage in smallcap space is such that out of 250 shares in the Nifty Smallcap 250 index, only 30 shares are trading with a positive bias in the last three months, as per NSE data.
Despite the ongoing correction, mutual funds have increased their holdings in 46 companies, data from Ace Equities showed.
Here is the list of top 10 companies where mutual funds have increased their holdings:
| Stocks | Sector | Q3FY25 | Q3FY24 |
|---|---|---|---|
| Glenmark Pharmaceuticals | Pharmaceuticals | 12.12 | 8.59 |
| Piramal Pharma | Pharmaceuticals | 11.66 | 6.28 |
| Sumitomo Chemical India | Agrochemicals | 5.44 | 3.83 |
| Aster DM Healthcare | Hospital & Healthcare Services | 22.24 | 7.11 |
| Dr. Lal Pathlabs | Hospital & Healthcare Services | 10.25 | 5.88 |
| Amber Enterprises India | Air Conditioners | 15.59 | 12.44 |
| Pfizer | Pharmaceuticals | 11.30 | 7.61 |
| Zensar Technologies | IT - Software | 17.72 | 14.28 |
| Jindal Saw | Steel & Iron Products | 4.00 | 1.66 |
| Anant Raj | Construction - Real Estate | 5.07 | 0.04 |
Glenmark Pharmaceuticals: The Mumbai-based drugmaker has seen mutual funds increase their holding to 12.12% at the end of December quarter from 8.59% in the same period last year. Aditya Birla Sun Life Arbitrage Fund, Aditya Birla Sun Life Equity Savings Fund and Aditya Birla Sun Life Flexi Cap Fund Growth are the top mutual funds holding equity in the company.
Piramal Pharma: Mutual funds have increased their shareholding in the Mumbai-based drugmaker to 11.66% at the end of December quarter from 6.28% in the same period last year. ICICI Prudential MIdCap Fund Growth, Mahindra Manulife Mid Cap Fund and Shriram Multi Sector Rotation Fund Regular Growth are the top mutual funds holding shares in the company.
Sumitomo Chemical India: Mutual funds have increased their shareholding in the Mumbai-based agro chemicals maker to 5.44% at the end of December quarter from 3.83% during the same period last year. Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF, DSP Nifty Smallcap250 Quality 50 index Fund Regular Growth and Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF are the top funds holding stakes in the company.
Aster DM Healthcare: The Bengaluru-based healthcare services provider has seen mutual funds increase stake in the company to a whopping 22.24% at the end of December quarter from 7.11% in the same period last year. Data from Ace Equities showed that mutual funds have been steadily increasing stake in the company over the last four quarters. Top funds that own stakes in the company include Quant Small Cap Fund Growth, UTI Small Cap Fund Regular Growth and UTI Focused Fund Regular Growth.
Dr Lal Pathlabs: The Mumbai-based popular diagnostic lab operator has seen mutual funds raise stake in the company to 10.25% at the end of third quarter of current financial year from 5.88% in the same period last year. Nippon India Small Cap Fund, Kotak Balanced Advantage Fund and Sundaram Large and Mid Cap Fund are the top funds holding shares in the company.
Amber Enterprises: Mutual funds have increased their holding in the Gurugram-based air conditioner maker to 15.59% at the end of December quarter from 12.44% in the same quarter last year. Axis Small Cap Fund, Mahindra Manulife Multi Cap Fund and DSP India T.I.G.E.R Fund are the top funds holding shares in the company.
Pfizer: The multi-national drugmaker listed in India has seen mutual funds increase stake in the company to 11.30% at the end of third quarter of current fiscal from 7.61% during the same period last year. ICICI Prudential Pharma Healthcare and Diagnostics Fund, ICICI Prudential Small Cap Fund and DSP Healthcare Fund are the top funds holding shares in the company.
Zensar Technologies: The Pune-based technology solutions provider has seen mutual funds increase their holding in the company to 17.72% at the end of December quarter from 14.28% in the year ago period. Tata India Innovation Fund, HDFC Technology Fund and UTI Small Cap Fund are the top funds holding shares in the company.
Jindal Saw: Mutual funds have increased stake in the Delhi-based iron and steel products maker to 4% at the end of December quarter from 1.66% during the same period last year. Bandhan Business Cycle Fund, HSBC Small Cap Fund and Nippon India Nifty Smallcap 250 Index Fund are among the top funds holding shares in the company.
Anant Raj: The Delhi-based real estate company has seen mutual funds increase stake in the company to 5.07% from 0.04%. Mahindra Manulife Multi Cap Fund, Union Active Momentum Fund and Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF are the top funds holding shares in the company.
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